Plunging oil price presents an unexpected risk to the crypto market in April

The oil price is plummeting rapidly, dropping to as low as $5 in Canada. The dumping of additional supply by Saudi Arabia and Russia is expected to rattle the oil market further in April, which may cause high-risk assets including stocks and crypto to drop off. Over the next several weeks, JPMorgan expects oil-rich sovereign […]
The post Plunging oil price presents an unexpected risk to the crypto market in April appeared first on CryptoSlate.

What’s holding Bitcoin back – business or consumers?

Though Bitcoin started 2020 with a bang, it’s worth taking the start of a new decade to reflect on the state of the original cryptocurrency. Doing that, we can really only draw one conclusion: it has failed to live up to the hype. Don’t get me wrong. Even over the past few months, we’ve seen […]
The post What’s holding Bitcoin back – business or consumers? appeared first on CryptoSlate.

BitMEX open interest is showing signs of rebounding; here’s what this could mean for Bitcoin

Bitcoin’s price action seen throughout the past several days has been rather lackluster, with the benchmark cryptocurrency seeing some choppy trading that has led it to establish a wide range between $5,800 and $6,800. Interestingly, BitMEX’s open interest has risen in tandem with this turbulence – a sign that traders are growing more interested in […]
The post BitMEX open interest is showing signs of rebounding; here’s what this could mean for Bitcoin appeared first on CryptoSlate.

This on-chain indicator may spell trouble for the 88% of Ethereum investors who are underwater

Data shows that a whopping 88 percent of Ethereum investors are currently underwater on their investment, with the crypto’s massive decline from its all-time highs leaving a trail of financial destruction in its wake. This figure, although already shockingly large, may balloon even more in the weeks ahead, as some grim on-chain data suggests that […]
The post This on-chain indicator may spell trouble for the 88% of Ethereum investors who are underwater appeared first on CryptoSlate.